JB Financial Group Strengthens its Target in the SMB Loan Market in Cambodia
JB Financial Group Strengthens its Target in the SMB Loan Market in Cambodia
  • Jung So-yeon
  • 승인 2019.06.10 11:08
  • 댓글 0
이 기사를 공유합니다

Shin Chang-moo, head of PPCBank, is exchanging agreements after signing a business agreement.

Pyunom Penh Commercial Bank (PPCBank), a subsidiary of Jeonbuk Bank under JB Financial Group, and International Finance Corporation (IFC) said on May 7 that it has signed a business agreement to "expand loans to small and medium-sized Cambodian companies through mutual risk sharing."

IFC, a World Bank organization aimed at promoting private sector development in developing countries, will jointly cover up to $30 million in risk over the next five years for small and medium-sized companies in Cambodia through the PPCBank agreement. 

A total of $520 million (5,500) in loans will be provided to small and medium-sized companies in Cambodia through the PPCBank.

"Although Cambodia has been growing at an annual rate of 7.7 percent over the past two decades, about 66 percent of Cambodia`s small- and medium-sized companies have financial difficulties," said Shin Chang-moo, head of PPCBank. "This PPCBank and IFC agreement will be of great help to small and medium-sized companies in Cambodia and I'm very happy to see PPCBank emerge as a bank representing Cambodia."

JB Financial Group is a comprehensive financial group with Jeonbuk Bank, Kwangju Bank, JB Woori Capital and JB Asset Management as its subsidiaries and PPCBank and JB Capital Myanmar as its grandchildren.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트